V.F. Sees Unusually High Options Volume (NYSE:VFC)

V.F. Co. (NYSE:VFC) was the target of some unusual options trading on Wednesday. Investors bought 22,809 put options on the company. This is an increase of approximately 13% compared to the average daily volume of 20,237 put options.

Insider Activity

In related news, Director Richard Carucci acquired 15,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the purchase, the director now directly owns 230,178 shares in the company, valued at approximately $3,843,972.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Bracken Darrell purchased 75,200 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average price of $13.26 per share, with a total value of $997,152.00. Following the completion of the transaction, the insider now owns 219,972 shares in the company, valued at $2,916,828.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Carucci acquired 15,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The disclosure for this purchase can be found here. Insiders acquired a total of 115,200 shares of company stock valued at $1,592,152 over the last quarter. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On V.F.

Several institutional investors and hedge funds have recently bought and sold shares of VFC. Intech Investment Management LLC acquired a new stake in shares of V.F. in the fourth quarter valued at approximately $1,518,000. Principal Financial Group Inc. grew its stake in shares of V.F. by 328.0% in the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after purchasing an additional 1,244,448 shares in the last quarter. Partnership Wealth Management LLC acquired a new position in shares of V.F. during the fourth quarter valued at $2,960,000. Sompo Asset Management Co. Ltd. raised its stake in shares of V.F. by 60.6% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 351,520 shares of the textile maker’s stock valued at $6,609,000 after purchasing an additional 132,650 shares in the last quarter. Finally, Compass Wealth Management LLC acquired a new stake in V.F. in the first quarter worth about $2,574,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

V.F. Price Performance

VFC opened at $17.85 on Friday. The company has a market capitalization of $6.95 billion, a P/E ratio of -7.14, a PEG ratio of 1.88 and a beta of 1.53. The company has a 50-day moving average of $16.05 and a 200-day moving average of $14.62. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. V.F. has a 1-year low of $11.00 and a 1-year high of $20.69.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. V.F. had a positive return on equity of 11.75% and a negative net margin of 11.39%. V.F.’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) earnings per share. Equities analysts expect that V.F. will post 0.79 EPS for the current fiscal year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th will be given a $0.09 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.02%. V.F.’s payout ratio is currently -14.40%.

Wall Street Analysts Forecast Growth

VFC has been the subject of several recent research reports. Stifel Nicolaus dropped their price objective on shares of V.F. from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Citigroup raised V.F. from a “neutral” rating to a “buy” rating and upped their target price for the stock from $11.00 to $20.00 in a research report on Thursday, July 18th. Robert W. Baird increased their target price on V.F. from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. StockNews.com raised V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Wells Fargo & Company increased their price objective on shares of V.F. from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, V.F. presently has an average rating of “Hold” and a consensus target price of $15.50.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.